Gold price falls, Silver has become more expensive, Know the Latest Rates

Gold Silver Rate Today 13 January

Gold price falls, Silver has become more expensive, Know the Latest Rates: On the Multi Commodity Exchange (MCX), silver for March delivery opened slightly lower at ₹2,68,700 per kg, down by 0.10%. However, prices soon recovered and rose 1.16% to ₹2,72,974 per kg. At the same time, gold for February delivery was trading 0.12% lower at ₹1,41,863 per 10 grams.

In the international market, silver prices also declined. Spot silver fell 1.6% to $83.62 per ounce, after touching a record high of $86.22 on Monday. The fall came amid concerns about the independence of the US Federal Reserve, after reports that the Trump administration threatened a criminal investigation into the Fed Chairman.

Experts say weak demand and a strong US dollar are leading investors to book profits. However, geopolitical tensions and expectations of at least two US interest rate cuts this year are helping to support prices.

Gold prices in major Indian cities (per 10 grams):

Bhubaneswar:

24K: ₹1,42,530

22K: ₹1,30,650

Chennai:

24K: ₹1,43,680

22K: ₹1,31,700

Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune:

24K: ₹1,42,530

22K: ₹1,30,650

Delhi:

24K: ₹1,42,680

22K: ₹1,30,800

Ahmedabad:

24K: ₹1,42,580

22K: ₹1,30,700

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